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This week’s letters (12/31/13)

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What do NN readers think about these subjects?

I would love to read opinions on these subjects:

Is it okay to clean coins?

Do you approve of repairing coins?

What can we do to attract younger people to the hobby?

Should coin club officers be rewarded for holding office? (If no, how about club officers that serve more than one term? If yes, what kind of reward?)

What is your favorite U.S. coin to collect?

What is your favorite non-U.S. coin to collect?

What is your favorite coin within your collection and why?

What should a coin club do to increase membership?

Best wishes to you and your staff at NN this holiday season.

A California subscriber

 

Why sell hoard of gold coins in only two lots?

In the Dec. 3 issue there is a front page article on an auction of 216 gold dollars all dated 1856. I guess that I do not understand the coin market.

Why would a consignor or an auction house break this group of coins into only two lots?

There are one MS-66, two MS-65, and 10 in MS-64. All of these would be highly sought by collectors. Why have all but the MS-66 be in the same large lot? Only a large dealer would be interested in this many coins of the same date at wholesale.

The way I see it the consignor and the auction house would both get a better return offering at least all of the MS-64s and above separately yielding prices closer to retail.

It is a shame that it prevents collectors from getting a chance at these great gold dollars.

Richard Vatovec
Address withheld

 

People don’t understand bitcoins as currency

The No. 1 problem with this bitcoin malarkey is that we don’t completely understand it.

To me this cyber currency is about the same as someone trying to sell a virtual 1804 Draped Bust silver dollar coin. Can’t see it, can’t touch it, but “trust me” it’s there. Just hand me a pile of money and it’s yours. “Trust me.”

Over time it might just be the best thing since sliced bread! I don’t know because I don’t understand it and probably never will! The only guy that does is the one who dreamed it up in the first place.

How long will it take someone to start counterfeiting them? We’ll never know because they’re virtual. Can’t see them, can’t touch them, don’t know what a real one even looks like.

Michael P. Schmeyer
Spencer, N.Y.

 

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• IT’S HERE! Order the 2014 North American Coins & Prices.

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One Response to This week’s letters (12/31/13)

  1. chridenp says:

    This week’s letters (12/31/13)
    Posted on December 17, 2013 by NMN

    I’d like to take a crack at these questions just to see what anyone else thinks too:

    What do NN readers think about these subjects? Good choices for discussion(s)
    I would love to read opinions on these subjects:

    Is it okay to clean coins?
    Only to remove something that is actually blocking important details…Like the date or mintmark

    Do you approve of repairing coins?
    No its already damaged and its not going to improve it much by repairing it

    What can we do to attract younger people to the hobby?
    Talk to them about it…show them parts of your collection to “wow” them…Then put them back in your safe ….

    Should coin club officers be rewarded for holding office? (If no, how about club officers that serve more than one term? If yes, what kind of reward?)
    They should at least get some sort of recognition for their efforts, even if its only a plaque…

    What is your favorite U.S. coin to collect? I like them all, but what impresses me most are the Morgan and Peace dollars…

    What is your favorite non-U.S. coin to collect? Silver Canadian 5 cent pieces and closely followed by Canadian large cents…

    What is your favorite coin within your collection and why? Its really a coin set….its my 2011 25th anniversary American Silver Eagle 5 coin set…I was lucky enough to get my order in within the first hour of the sale…I wished I would have ordered more than one set as I had no idea that it would sell out and demand such a high resale value with a huge demand from collectors willing to pay up to 25oo.oo for the set…

    That’s my take on these questions and my opinions as well…
    From a Minneapolis, Minnesota coin collector

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